The appointment of Kevin Keegan as manager and signings of the calibre of Robbie Fowler and Nicolas Anelka were also brokered by Bernstein.

"During my five years as chairman, the club has made outstanding progress.
"We have advanced from the depths of the second division to mid-table in the Premier League.

Manchester City is respected and stands on the brink of real achievement

David Bernstein

"We are only months away from moving into our new stadium and have developed an outstanding training ground.

"We have an excellent squad of players in which we have made considerable investment and an outstanding team of people employed at the club.

"Manchester City is respected and stands on the brink of real achievement."

Bernstein also paid tribute to City's fans, who have stayed loyal to the club despite their struggles in recent seasons.

"I would like to thank our wonderful fans for their backing. They have been fantastic in their support, which has never wavered even during the most difficult times.

"I have been touched by their kindness and enthusiasm.

"I have supported Manchester City since I was a boy and I am desperate for us to succeed."

Deputy chairman John Wardle will take over the
chairman's role on a temporary basis, but Bird's position will not be filled until a detailed review of the management
structure takes place during the summer.